California Tax Education Council

New Law Targets Questionable CRTPs and Redefines CTEC

California Senate Bill 484 takes effect January 1, 2014, which gives the California Tax Education Council (CTEC) legislative authority to deny, revoke or suspend registrations for misconduct.

All reports of violations or suspensions will be submitted to the Franchise Tax Board and Internal Revenue Service.

In addition to expanding CTEC’s legislative authority, the new law redefines the council membership of CTEC to be…

• Not more than one representative from each California nonprofit corporation in good standing that represents, among others, tax preparers with a membership in California of at least 400 in each of the previous three calendar years.

• Not more than one representatives from each for-profit tax preparation corporation, in good standing, that had at least 400 employees or franchisees during the previous calendar year, and has been operating in California for at least three years.

Six CRTPs will also sit on the board; the only provision regarding board membership that was not revised. Before the new law, council membership was limited to 200 members for both nonprofit organizations and for-profit corporations.

The council will discuss its new plans for SB 484 at its November board meeting. CTEC-registered tax preparers (CRTPs) who would like to find out more or get their own questions answered are invited to attend.

The meeting will be held in Monterey November 14-15^th. Please call the CTEC office 877-850-2832 for details.

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